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Nov 26, 2012
11/12
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we asked senator dick durbin to review sobek's documents. >> it's just plain fraud, and your whistleblower brought it to light. and these students sucked in by the ad sign up for courses that lead to nowhere. >> reporter: sarah fisher feels duped. >> $24,000 in the hole for a job i can't use. >> reporter: sobek's claims got a boost by a federal judge. she recommends the case move forward in federal court. mark greenblat, abc news, new york. >> a lot of questions about that situation too. when you consider that their outstanding student loan debt in this country is $1 trillion, buyer beware is what you should go into. look at all the online programs and for-profit colleges with a a real skeptical eye about what you're getting, what it's worth when you graduate. a big deal to a lot of folks. >>> still to come, a deep, dangerous rescue. >> how some divers pulled off a tricky underwater operation 100 feet under the sea. it's all coming up on "world news now." >> announcer: "world news now" continues after this from our abc stations. continues after this from our abc stations. >>> welcome back,
we asked senator dick durbin to review sobek's documents. >> it's just plain fraud, and your whistleblower brought it to light. and these students sucked in by the ad sign up for courses that lead to nowhere. >> reporter: sarah fisher feels duped. >> $24,000 in the hole for a job i can't use. >> reporter: sobek's claims got a boost by a federal judge. she recommends the case move forward in federal court. mark greenblat, abc news, new york. >> a lot of questions...
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Nov 26, 2012
11/12
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dick durbin suggested perhaps they need to talk about this we'll see further on that from their side very soon. stuart, thank you. >> bill. bill: see you at 9:20 on fbn. stuart varney with us. here's martha. martha: big word reform, in taxes and entitlements. will that happen? senator graham is not the only republican that says he believes something needs to be done to avoid the fiscal cliff. >> i think everybody should be on the table. i am myself am opposed to tax increases. the fact is the speaker and majority leader and president will be in a room trying to find the best package. i'm not going to prejudge it. saying we should not take ironclad positions. i have faith in john boehner putting together a good package. he is very conciliatory in his language. >> i do am opposed to raising tax rates but i do believe we can close loopholes. >> they have to go up real tax rates or effective tax rates. there are ways to do that. secondly we have to close significant loopholes. martha: all right. what are we hearing here? are he starting to hear a little bit of common ground? a high level
dick durbin suggested perhaps they need to talk about this we'll see further on that from their side very soon. stuart, thank you. >> bill. bill: see you at 9:20 on fbn. stuart varney with us. here's martha. martha: big word reform, in taxes and entitlements. will that happen? senator graham is not the only republican that says he believes something needs to be done to avoid the fiscal cliff. >> i think everybody should be on the table. i am myself am opposed to tax increases. the...
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Nov 26, 2012
11/12
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we asked senator dick durbin to review documents. >> it is just plain fraud. and your whistle-blower has brought it to light. they were suked in dash cash sucd in by the ad. >> about $24,000 in the hole for a degree i can't use. >> both the florida and new york attorney's general have open investigations for separate instances of misleading their students of the. >>> apple asked a federal court to add six more products to the pat assistant infringement suit. they include the galaxy note 2. the case is one of two lawsuits against samsung. apple claims the tablets and smart phones in fringed on the patents. >>> we are winding down one of the busiest travel days of the year to might as people return home from thanksgiving. here is a look at traffic tonight on i-80 from our emeryville tower cam. 43 million people were expected to travel 50 mules or more this -- 50 miles or more this holiday weekend. most travelers flew. the majority of the lights at sfo and oakland are on time tonight. on a day like this, sfo handles a lot of people. >> about 130,000 passengers pr
we asked senator dick durbin to review documents. >> it is just plain fraud. and your whistle-blower has brought it to light. they were suked in dash cash sucd in by the ad. >> about $24,000 in the hole for a degree i can't use. >> both the florida and new york attorney's general have open investigations for separate instances of misleading their students of the. >>> apple asked a federal court to add six more products to the pat assistant infringement suit. they...
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Nov 25, 2012
11/12
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. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker boehner and president obama. >>gregg: and now the top people responsible for our defense, first, general petraeus resigning as head the c.i.a. amid scandal. there could also be big changes at the pentagon. as well at state department. whoever the president chooses, it could impact, for example, the use of armed drones taking out al qaeda overseas. and lots of other security matters. and now, a fox news contributeor and pollster joining us, and former senior advisor to senator john mccain. the use of the unmanned drones to take out terrorists who want to murder americans, on its face it should be a no-brainer but national security a
. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker...
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Nov 27, 2012
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i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit
i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a...
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Nov 27, 2012
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but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think that opens the door a little bit. you're seeing it on the democratic side. you're seeing it a little bit on the republican side. >> both sides are going to have to open the door more than just a little bit. they're going to have to make a deal. >> because the one mandate from the public was fix things. >> fix it. and do it quick. gloria, thank you. cnn's getting exclusive new information and photographs of paula broadwell, her affair with jen david petraeus forced him to leave the cia. now her friends are coming to her defense. >>> and a 7-year-old cancer patient tries a controversial treatment. m
but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think...
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Nov 26, 2012
11/12
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we asked senator dick durbin to review documents. >> it is just plain fraud. and your whistle-blower has brought it to light. they were s they were suked dash in dash cah sucd in by the ad. >> about $24,000 in the hole for a degree i can't use. >> both the florida and new york attorney's general have open investigations for separate instances of misleading their students of the. >>> apple asked a federal court to add six more products to the pat assistant infringement suit. they include the galaxy note 2. the case is one of two lawsuits against samsung. apple claims the tablets and smart phones in fringed on the patents. >>> we are winding down one of the busiest travel days of the year to might as people return home from thanksgiving. here is a look at traffic tonight on i-80 from our emeryville tower cam. 43 million people were expected to travel 50 mules or more this -- 50 miles or more this holiday weekend. most travelers flew. the majority of the lights at sfo and oakland are on time tonight. on a day like this, sfo handles a lot of people. >> about 130,0
we asked senator dick durbin to review documents. >> it is just plain fraud. and your whistle-blower has brought it to light. they were s they were suked dash in dash cah sucd in by the ad. >> about $24,000 in the hole for a degree i can't use. >> both the florida and new york attorney's general have open investigations for separate instances of misleading their students of the. >>> apple asked a federal court to add six more products to the pat assistant infringement...
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Nov 27, 2012
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you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. ts and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for the paperback edition. it's a great book of american heroism, the story of jack kennedy, who he was when he lived, who led us, and, of course, who
you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the...
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Nov 25, 2012
11/12
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if you listen early to what senator durbin said, he said tax rates are effective tax rates. you've got this sort of maneuvering that is being talked about where you would raise the -- we'd have the top rate stay the same but you'd have people over that rate pay the money, not just the marginal rate. so they are maneuvering and i suspect that they will come a deal because simply not coming to a deal has worst effects than not coming to a deal politically. >> saxby chambliss says we're going to have to consider raising taxes, it's for the good of the country. what do you think ultimately? where are republicans going to fall on this? is it going to lead to infighting from the gop? >> i think you'll see a lot of heat and noise but i think at the end of the day you'll see a fair number of americans break with their no tax pledge. saxby chambliss has already done so and grover responded last week by saying that we're going to have a conversation with the people of georgia which is a way of saying that we're going to run a ton of negative ads against you. senator chambliss is up fo
if you listen early to what senator durbin said, he said tax rates are effective tax rates. you've got this sort of maneuvering that is being talked about where you would raise the -- we'd have the top rate stay the same but you'd have people over that rate pay the money, not just the marginal rate. so they are maneuvering and i suspect that they will come a deal because simply not coming to a deal has worst effects than not coming to a deal politically. >> saxby chambliss says we're...
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. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been working for a plan to reduce the national debt. if lawmakers don't pass a plan by december 31, tax hikes and budget cuts will kick in. >>> running the risk of autism. the link between pollution and pregnancy. >> plus some of the best child athletes in the country. the bay area kids who have a chance at the ultimate prize. >> but first, stranded at sea. how two men found themselves like this in a dangerous rescue after the break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa to
. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been working for a plan to reduce the national debt. if lawmakers don't pass a plan by december 31, tax hikes and budget cuts will kick in. >>> running the risk of autism. the link between pollution and pregnancy. >> plus some of the best child athletes in the country. the bay area kids who have a chance at the ultimate prize. >> but first, stranded at...
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Nov 29, 2012
11/12
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durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people showed them. -- show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say. ? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who we are and take the stuff. >> the best part about spending the last two years on the road with this american treasurer is we have gone to see liberal groups, conservative groups, business people, ordinary citizens, every stripe you can imagine, we have had a chance to talk to. we have had a chance to educate a lot of people about what the real problem is. i think you are right. there has been no punishment. i think people are ahead of politicians. that often happens. if they appreciate anything about what al and i have done, it is that we have b
durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people showed them. -- show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say. ? they say, he got his foot in his mouth. i say, i have done it more. we...
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Nov 24, 2012
11/12
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he actually had to walk out of the negotiations because when he sat there with dick durbin -- he said, grover, i am not really for tax increases. i and just putting tax increases on the table here and durbin is giving me all of these spending cuts and i have not agreed to anything. i just talk about tax increases. i said -- senator, do you think it is possible durbin goes back to the democratic caucus and says i am putting these imaginary spending cuts on the table -- and he is giving me the tax increases. tom coburn from oklahoma said he would never be that dishonest. senator, i think he is and i think you are not. and i think he takes you seriously and i think you should not take him seriously. but again, they spend more than a year putting a the simpson- bowles commission, which, if you have seen a, a slide presentation, an outline, it is in haiku, the only numbers and the page numbers. it is a series of interesting things. there are specific about the tax burden going up by -- $5 trillion in tax increases. as ryan reads this as a trillion dollars in tax increases from eliminating
he actually had to walk out of the negotiations because when he sat there with dick durbin -- he said, grover, i am not really for tax increases. i and just putting tax increases on the table here and durbin is giving me all of these spending cuts and i have not agreed to anything. i just talk about tax increases. i said -- senator, do you think it is possible durbin goes back to the democratic caucus and says i am putting these imaginary spending cuts on the table -- and he is giving me the...
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Nov 26, 2012
11/12
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senator dick durbin was on abc and suggested that. the minute you push for specifics, raising the retirement age on medicare, he starts to flounder. i don't know we're moving towards any kind of deal yet. on politics, simplicity sells. a tax pledge is very simple. it communicates with your voters directly. here's the deal. republicans want low taxes for two reasons. they believe it's better for economic growth. we lost the election. we're going to lose that battle. also because they believe it will force spending restraints. i'm not sure that's true. voters need to feel the consequences of your decisions. if you choose higher spending you might just have to pay for it with higher taxes. sooner or later that burden might have to be the spending restraints. >> i think voters are already feeling the consequences, though, aren't they, jason? >> yeah. voters are already feeling the consequences. i also think the voters said something in 2012. look, we are tired of rigidity in washington. tired of people holding on to 20 year pledges. like
senator dick durbin was on abc and suggested that. the minute you push for specifics, raising the retirement age on medicare, he starts to flounder. i don't know we're moving towards any kind of deal yet. on politics, simplicity sells. a tax pledge is very simple. it communicates with your voters directly. here's the deal. republicans want low taxes for two reasons. they believe it's better for economic growth. we lost the election. we're going to lose that battle. also because they believe it...
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Nov 27, 2012
11/12
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senator durbin reminded meh weee left. went back to a wedding in his state. mr. president, i repeat for the third time, the only people that think the senate's working really well right now are the republican leader and the republican senators, because it's not working well. they've abused the process. they've abused something that was set up to help legislation get passed. the filibuster. they've abused it. and now the filibuster is on everything. they can talk all they want about filling the amendment tree and all that. that is so -- mr. president, that has no bearing on what's going on around here. we have -- we try to get things done. the defense bill is a good example. i said let's move to the defense bill. they objected to it. they have been talking about it for months. i agreed to move to it, no preconditions at well right now i've read no preconditions at all. we have to do other things. we have a short period of time now and everything around here is being stalled and he talks about getting bills done. mr. president, this congress has gotten almost nothi
senator durbin reminded meh weee left. went back to a wedding in his state. mr. president, i repeat for the third time, the only people that think the senate's working really well right now are the republican leader and the republican senators, because it's not working well. they've abused the process. they've abused something that was set up to help legislation get passed. the filibuster. they've abused it. and now the filibuster is on everything. they can talk all they want about filling the...
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Nov 25, 2012
11/12
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as leader reid and durbin mentioned, there were a lot of things we did like, making sure that no benefits in medicare and social security were cut. it is now time for congress to get back to our vote regularly scheduled programming, and that means jobs. washington has been consumed with the fault and our nation's unemployment problem has been worsening and it is time to move back jobs to the front burner. with this debt reduction package, the debt is now clear for a single-minded focus on jobs in september by removing the threat of default and proving that both parties can come together to get our deficits under control. we have provided certainty in the credit markets. the wrangling over spending should be greatly reduced in coming months. we have a chance to turn away from budget battles and reset the debate. the jobs issue, will have to play second fiddle to the deficit issue anymore, and that is what the american people want. we can put a premium on efforts to create jobs and as democrats, that is our strong suit and are high ground. we welcome this chance to shift the playing field t
as leader reid and durbin mentioned, there were a lot of things we did like, making sure that no benefits in medicare and social security were cut. it is now time for congress to get back to our vote regularly scheduled programming, and that means jobs. washington has been consumed with the fault and our nation's unemployment problem has been worsening and it is time to move back jobs to the front burner. with this debt reduction package, the debt is now clear for a single-minded focus on jobs...
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Nov 28, 2012
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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Nov 28, 2012
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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Nov 27, 2012
11/12
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senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members on capitol hill. want to reduce defense procurement by 15%, they want to reduce overseas bases by 30%, a huge number. that would save just 8.5 billion. they want to freeze dod compensation for three years saving 5.3 billion. and then on the domestic side, they would reduce the congressional and white house budgets by 15% and as appealing that is sounds to most americans it is only going to save about 0.8 billion. they would cut the federal workforce by 10s for 13.2 billion and slow the growth of foreign aid. so brian, as you can see here, there are a lot
senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going...
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Nov 29, 2012
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the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put entitlement reform on the table. entitlement reform is tough for republicans, because it's valuable programs we're talking about, but they're sacrosanct for the democrats. you can't have everything you want. it's hunt on th incumbent on tht to come forward and say we'll put entitlements on the table in a big way, and he's not doing that. i was disappointed to hear my colleagues in the senate say yesterday that, well, you know, you give us the revenues, and then we'll talk about entitlement reform later. ain't going to happen. ain't going there. >> sean: some democrats have said the republicans will get the blame
the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put...
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Nov 27, 2012
11/12
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here is democratic senator dick durbin today speaking about the possibility of a deal on the fiscal cliff. take a listen. >> pick up any of the hill newspapers and look for the full-page ads. basically saying to the left, keep your hands off the entitlements and to the right, keep your hands off of taxes. well, if both sides heed those warnings, nothing will happen. >> congressman, he's right, isn't he? >> of course he's right. and, you know, we have this new book about thomas jefferson and this new movie about abraham lincoln and that great robert carroll book about lyndon johnson. these were people whose greatness came from understanding that the art -- that compromise is the art of politics. that sometimes you have to get your hands dirty. you have to take things into your own hands in terms of negotiating, making deals, compromising things that you know have to be done for the greater good. the greater good is to put this country onto a path of stable financial security. this can be done, but we have to be willing to negotiate, to compromise, and to put aside the people like grover no
here is democratic senator dick durbin today speaking about the possibility of a deal on the fiscal cliff. take a listen. >> pick up any of the hill newspapers and look for the full-page ads. basically saying to the left, keep your hands off the entitlements and to the right, keep your hands off of taxes. well, if both sides heed those warnings, nothing will happen. >> congressman, he's right, isn't he? >> of course he's right. and, you know, we have this new book about thomas...
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we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today, despite the glum faces we have seen. cornyn has said he's pessimistic, is he willing realistic or do you think we're going to get a deal? >> i think he's being a strategic scrooge. he's saying we need a balanced plan, but the president's not dealing with entitlealment reform and cuts. to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don'
we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today,...
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Nov 26, 2012
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you heard dick durbin there. tick off for me and be specific, what are democrats willing to give on in this negotiation? >> well, i think the senator's absolutely correct, we need to compromise. there's no question about that. and we will not, however, in any way, shape or form, jeopardize the planned benefits for social security. i mean that's kind of installed in the american people. we changed social security over the years in order to meet the demands that the program insists upon. we will do that. but we'll do that in a bipartisan fashion. >> okay, so compromise. social security is off the table. medicare, walk me through what are the changes here? >> we've already -- we have already cut benefits. we have already cut dollars for medicare. but not benefits. and we will not compromise on the question of guaranteed benefits of medicare. >> what do you compromise on? >> we can change medicare. as you well know, we save medicare $750 billion -- million dollars and that was because of the medicare advantage progra
you heard dick durbin there. tick off for me and be specific, what are democrats willing to give on in this negotiation? >> well, i think the senator's absolutely correct, we need to compromise. there's no question about that. and we will not, however, in any way, shape or form, jeopardize the planned benefits for social security. i mean that's kind of installed in the american people. we changed social security over the years in order to meet the demands that the program insists upon. we...
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Nov 28, 2012
11/12
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>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept certain things like testing, et cetera, because at the end of the day this is about compromise. this is also very much, thomas, about the president's ability to show leadership. you hear the republicans harp on and on about obama not showing leadership. they did it before the campaign, during the campaign, and now they're saying, mr. president, we need you to show some leadership. accept tax rate increases without forcing his own party to accept other things on our side. both sides have to share the pain to get the budget balanced and promote this theory of economic fairness. that's what he's doing out t
>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept...
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Nov 28, 2012
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>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he means next year after you work out tax changes now. bill: that's the way i heard it. get the changes before the first of the year then worry about reform in the coming year. on top of that there is a debt ceiling issue to tackle. steve forbes said go ahead and get a 90-day extension, take it into 2013. >> can you put together a complex agreement dealing with tax, spending cuts, debt ceiling, can you do all of that in a mere 30 days or do you take the steve forbes route, kick the can down the road. i'm not sure the vote terse would tolerate kicking the can and not dealing with it again. thank you, stuart.
>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he...
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Nov 27, 2012
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. >> so far, senator durbin has limited company among some fellow democrats. keeping them honest during the last budget showdown, both sides talked like this, but then they backed away. also as we mentioned a moment ago, there are late new signs that nobody's quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aide telling us that staff level meetings meant to lay the groundwork haven't been productive. one senate republican leadership aid accuses democrats of leaking details in order to portray republicans negatively. but the aide notes that the talks are continuing, which itself can be read as some sort of progress. whether that's real progress or washington progress, remains to be seen. a lot to talk about starting with tennessee republican senator bob corker. senator corker, thanks very much for joining us. let's talk about grover norquist. no new taxes pledged. you said earlier in your career, you told cbs morning news earlier
. >> so far, senator durbin has limited company among some fellow democrats. keeping them honest during the last budget showdown, both sides talked like this, but then they backed away. also as we mentioned a moment ago, there are late new signs that nobody's quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aide telling us that staff level meetings meant to...
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Nov 25, 2012
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on abc this week, richard durbin of illinois, lindsey gramm of the south carolina. we will see adam smith from washington and a ban affleck who directed "argo." on me to the press, carl levin, peter king, and gregory meeks. we will also see the chairman and chief executive of honeywell international. our next call joining us on the independent line. we have pat from tennessee. caller: you made the statement a few minutes ago, exactly my thought. when you have senators and representatives of their in congress, then they are representing the states. that is how the states have a say in the budget talks. i noticed a while back they talked about reducing your marks. that is when they put things in that they want to add to the budget, things that the one for the states. that is how they are represented already. thank you. host: thank you. what you were quoting was eight tweet that came in that said states already have a say by sending members to the house and senate. democrats line. caller: i think today pose the question is interesting. this was one of the first questio
on abc this week, richard durbin of illinois, lindsey gramm of the south carolina. we will see adam smith from washington and a ban affleck who directed "argo." on me to the press, carl levin, peter king, and gregory meeks. we will also see the chairman and chief executive of honeywell international. our next call joining us on the independent line. we have pat from tennessee. caller: you made the statement a few minutes ago, exactly my thought. when you have senators and...
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Nov 27, 2012
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this treaty is personal to many members here, to senator durbin, to senator harkin, to senator lugar and others, and members from both sides of the aisle have worked hard to bring us to the floor today. i believe the questions have been answered. i think the report and the record could not be more clear. the only question that remains is whether we're going to be remembered for approving the disabilities convention and reconnecting with our best traditions or finding an excuse to delay and defy our own core responsibility as senators. mr. president, i have received countless letters and heard from nearly 300 organizations on this issue. there is a long, long list -- i'm not going to read all through those 300 -- but every single major military organization supports this treaty. the air force sergeants association, the air force women officers association, the american g.i. forum, the blinded veterans association, the division for early childhood of the council for exceptional children of disabled american veterans, the military officers association of america, the national guard asso
this treaty is personal to many members here, to senator durbin, to senator harkin, to senator lugar and others, and members from both sides of the aisle have worked hard to bring us to the floor today. i believe the questions have been answered. i think the report and the record could not be more clear. the only question that remains is whether we're going to be remembered for approving the disabilities convention and reconnecting with our best traditions or finding an excuse to delay and defy...
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Nov 29, 2012
11/12
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remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to get republicans more comfortable with raising taxes including raising rates. i don't think there's a scenario where the rates don't go up on people making over $250,000. and democrats have to get more comfortable with entitlement changes. but at the end of the day, obama can deliver democrats. and i think boehner's stronger today than he was three months ago, and he could deliver more republicans than he could of them. >> on that question of taxing the wealthy, you alluded to it in a comprehensive piece that you and mike allen wrote, everybody ought to read it at "politico" today. y
remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to...
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Nov 28, 2012
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. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to have significant reduction that will impede the economy. i think we need to take a little bit more careful approach to those kinds of cuts if we're going to talk about 1 trillion-dollar over ten years. so i suspect that can will get kicked down the road, but the tax rates really should be dealt with right now. they're easy to deal with. the debt ceiling should really be, that's one of those other things we can create a crisis unnecessarily. this country is not going to basically deny it's debt. >> stephanie: right. >> caller: so anyway, i think we can do it. i think saner heads might prevail. i just left a meeting with
. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to...
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Nov 28, 2012
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. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending. that means the white house to dough if i liberal democrats or >> the p enrage republicans. ted to thesident is very committed to the proposition itht we can deal with these challenges if we come together oach.dopt a balanced approach. >> i may sound glib what i'm about to say but this white house is really serious about an issuewhen it goes to twitter. anew white house hash tag on preserving the middle class tax preserving. that's $2,000, average amount that taxes would rise if the bush era texas cuts are not ttended. eek white house plans to hammer its issue all week, believing it wil
. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of...
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Nov 25, 2012
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but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no date set in stone for the next meeting among the principle negotiate othe timing will depend on the progress of staff member, in the next few days. but we should not be surprised if they get together, sthiem week. shannon. >> shannon: we wish them much luck. thank you. our worst-case scenario, there isn't a deal. the former economics director it'll peter tracy, tells what did you say
but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to...
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Nov 28, 2012
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. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with taxes that doesn't have entitlement reform incorporated into that. so i think right now we're a little bit of a standoff, but the way to solve this would be of course to extend the existing tax rates which is by the way something
. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the...
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Nov 21, 2012
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where do you draw the line with data durbin campaigning? are their privacy issues? >> absolutely. we had 18 inside of our campaign that tested our privacy policy. the president believes in this. the new york times reported that if you went to obama for america, you would get a cookie if you went to way porn website. >> that is not true. >> it was on the front page of "the new york times." >> ok. [laughter] >> what about my surfing would have been relevant to you? >> most of that stuff is not true. the best data was things we collected at the doors. there was some commercial stuff that every campaign purchased. the truth is the more we learn about data, the more we learn how imports and the connection was. the door knocking, having a real conversation, that mattered. >> what happens to the database now? >> we went out and survey the our entire world and said to them, what are you going to do? what happens to us? people want to be involved in supporting the president. how about looks is a discussion we need to have. he cannot run two campaigns and then say we're going to do it from
where do you draw the line with data durbin campaigning? are their privacy issues? >> absolutely. we had 18 inside of our campaign that tested our privacy policy. the president believes in this. the new york times reported that if you went to obama for america, you would get a cookie if you went to way porn website. >> that is not true. >> it was on the front page of "the new york times." >> ok. [laughter] >> what about my surfing would have been relevant...
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Nov 27, 2012
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as dick durbin pointed out recently when lyndon johnson was majority leader of the senate democratic majority leader of the senate. for six years, there was one filibuster. one filibuster. the last six years under republican leadership, there have been 380 filibusters in the senate. they filibuster everything including -- one of the most outrageous examples, republicans in the senate filibustered the james -- september 11th health and compensation act which would have provided healthcare for the heroes the first responders of september 11th. republicans filibustered that and prevented it from coming to a vote in the senate. so it doesn't matter good or bad if the democrat was for it, republicans filibustered it. and they did so by -- it was sort of like a -- a virtual filibuster. it is no longer the day when they bring in the cots and they make them actually speak. they just threaten to filibuster and that's all they have to do and it is just as effective and -- effectively blocks a measure at all. from again even being considered for a vote. so for a long time and we've talked about
as dick durbin pointed out recently when lyndon johnson was majority leader of the senate democratic majority leader of the senate. for six years, there was one filibuster. one filibuster. the last six years under republican leadership, there have been 380 filibusters in the senate. they filibuster everything including -- one of the most outrageous examples, republicans in the senate filibustered the james -- september 11th health and compensation act which would have provided healthcare for...
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Nov 21, 2012
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john who has one of the best albums of the year is 72 senator dick durbin is 68. today is also the birthday of marleau thomas, goldie hawn troy aikman ken griffey jr. and [ inaudible ]. and the moral of this story is astrology means nothing. i have been really thrilled to work here this week, and one of the great things when i get to take over the "bill press show" is to pull it down to my level. yesterday i had muslim dean oh bah doll la and today i have a guy who works with dean, scott blakeman who is one of the stars of laughing liberally off breadway. and scott, i want to thank you for calling happy thanksgiving welcome to the "bill press show." >> happy thanksgiving, john. >> john: you are a jewish comedian who is also liberal, so why do you hate the people of israel? >> ask the people on facebook. >> john: by the way it's amazing your material is so brilliant, and dean is a liberal muslim and i'm a liberal christian, which i sort of the is redundant, but tell us about your take and perspective. >> we just did a stand up for peace show and for about nine year
john who has one of the best albums of the year is 72 senator dick durbin is 68. today is also the birthday of marleau thomas, goldie hawn troy aikman ken griffey jr. and [ inaudible ]. and the moral of this story is astrology means nothing. i have been really thrilled to work here this week, and one of the great things when i get to take over the "bill press show" is to pull it down to my level. yesterday i had muslim dean oh bah doll la and today i have a guy who works with dean,...
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Nov 27, 2012
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when durbin says we have to deal with the fiscal cliff but not entitlements, doesn't the president have to win over members of his party and say, call it what you want, we're doing this and they are on the teable. >> it's hard for me to specifically respond to -- specifically to questions about the comments that senator durbin made according to you. i can simply say it's the president's position that when we're talking about a broad, balanced approach to dealing with our fiscal challenges, that that includes dealing with entitlements. and the president's budget, as you know, includes $34 billion in savings from our entitlement health care program. so he has demonstrated yet again his commitment to the principle that we need to include as part of our balanced approach savings from entitlements. but in order to be balanced, because there's never been a debate about that, republicans on capitol hill have been focused on trying to extract savings from entitlement programs whilen cysting that millionaires and billionaires need not just the tax cuts they already have but extended tax cuts, th
when durbin says we have to deal with the fiscal cliff but not entitlements, doesn't the president have to win over members of his party and say, call it what you want, we're doing this and they are on the teable. >> it's hard for me to specifically respond to -- specifically to questions about the comments that senator durbin made according to you. i can simply say it's the president's position that when we're talking about a broad, balanced approach to dealing with our fiscal...
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Nov 28, 2012
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durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both sides whether it be boehner and whether he can control his side of things and/or reid in the senate and whether we see moderates step up to try to get something done. i'm not willing to say as you seem to be that w
durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing...
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Nov 27, 2012
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we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone over it a long time ago. we are like a family or small business that is bringing in $200,000 each year. their borrowing in other $100,000 each year. and then you hear these people talking about, we are going to raise the taxes on the rich. what is that going to do? bring in other a thousand dollars and. it is insane. these politicians have screwed us, screwed our children. they just keep reelecting the same people. in the wall street journal this morning -- they write this, why $16 trillion only hint of the true united states debt. the actual liabilities of the federal government including socia
we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone...
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Nov 26, 2012
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. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final note, the president was out shopping on saturday and when asked by a pool reporter if that was his part to avoid the so-called fiscal cliff, the president said, come on, guys, we're just christmas shopping here. that's it from the white house. talks expected to continue this week. back to you. >> steve: let the games begin. douglas, thank you. >> gretchen: now to the rest of today's headlines, brand-new evidence that could have changed the outcome of the casey anthony murder trial. police in florida now admitting that they missed a google search done by someone in the anthony household. the search seems kind obvious. it was for the words, foolproof suffocation. the search done the same day two-year-old caylee anthony was last seen live. the mom acquitted of her daughter's murder, even her defense attorney says he was shocked this never came up in court. >> steve: meanwhile, it's like low jack for wom
. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final note, the president was out shopping on saturday and when asked by a pool reporter if that was his part to avoid the so-called fiscal cliff, the president said, come on, guys, we're just christmas shopping here. that's it from the white house. talks expected to continue this week. back to you. >>...
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Nov 27, 2012
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senator durbin reminded me of one senator, a republican senator, who forced us to be here over the weekend, and he left. went back to a wedding in his state. mr. president, i repeat for the third time, the only people that think the senate's working really well right now are the republican leader and the republican senators, because it's not working well. they've abused the process. they've abused something that was set up to help legislation get passed. the filibuster. they've abused it. and now the filibuster is on everything. they can talk all they want about filling the amendment tree and all that. that is so -- mr. president, that has no bearing on what's going on around here. we have -- we try to get things done. the defense bill is a good example. i said let's move to the defense bill. they objected to it. they have been talking about it for months. i agreed to move to it, no preconditions at all. we have to do other things. we have a very short period of time here now and everything around here is the big stall. and he talks about getting bills done. mr. president, we have -- this
senator durbin reminded me of one senator, a republican senator, who forced us to be here over the weekend, and he left. went back to a wedding in his state. mr. president, i repeat for the third time, the only people that think the senate's working really well right now are the republican leader and the republican senators, because it's not working well. they've abused the process. they've abused something that was set up to help legislation get passed. the filibuster. they've abused it. and...
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. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice? >> whatever ambassador rice wants to tell me. she's the one who asked for the meeting. i didn't. >> wouldn't you like to be a fly on the wall? >>> spyfall, real-life bond movie. yasser arafat's body was exhumed. was the palestinian leader po h poisoned by israeli spies? >>> plus this. >> you said walden is in trouble. >> i'm the trouble walden has been in, repeatedly. >> he calls it filth, the half in "two and a half men" begs you not to watch his show. "newsroom" starts now. >>> good morning to you. thank you so much for being with us. i'm carol costello. we begin with a high stakes meeting just minutes from now. this hour, the u.s. ambass
. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice?...
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Nov 29, 2012
11/12
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FBC
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dick durbin knows that. the liberal democratic senators signed off on the simpson-bowles proposal but right now he is saying i don't want to do that as part of the fiscal cliff solution. let's take off until next year. dennis: thank you for being with us. cheryl: fiscal cliff survival kit. today it is your home addition. new talk but washington made do away with the tax break for home mortgage deduction or change the calculation and hit high income earners. the managing partner of mortgage banking solutions joins me from austin, texas with his fiscal cliff survival tips. thank you for being with us on our series this week. you say we are thinking of buying a home right now we should do it. why? >> interest rates at the lowest, affordability index at the highest, great time to buy, people are buying and we're seeing bottom form because of investors' coming in and picking the property, that has been displaced, get in and buy now, you not see this for decades. cheryl: i will lose mortgage interest deduction, th
dick durbin knows that. the liberal democratic senators signed off on the simpson-bowles proposal but right now he is saying i don't want to do that as part of the fiscal cliff solution. let's take off until next year. dennis: thank you for being with us. cheryl: fiscal cliff survival kit. today it is your home addition. new talk but washington made do away with the tax break for home mortgage deduction or change the calculation and hit high income earners. the managing partner of mortgage...
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Nov 21, 2012
11/12
by
CSPAN2
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eye 113
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he actually had to walk out of the negotiations because when he sat there with durbin he said i'm not really for tax increases i'm just putting tax increases on the table, and he's giving me all these spending cuts and i haven't agreed to anything. i just talk about tax increases. and i said a senator, do you think it is possible but he goes back to the democratic caucus and says i'm putting these imaginary spending cuts on the table and he didn't know these tax increases and tom coburn said he would never be that dishonest. i think he is and i think you are not. i think he takes you seriously and you should not take him seriously. but again, they spend more than a year putting the simpson-bowles which of you haven't seen it is a slide presentation outline, the only numbers are in the page numbers. it's a series of interesting things. the tax burden is to go up from 18.5% and full employment to 21. that is a 5 trillion-dollar tax increase over a decade. the opening bid, plus and a trillion dollars of the tax increases from eliminating and reducing deductions and exemptions and so on,
he actually had to walk out of the negotiations because when he sat there with durbin he said i'm not really for tax increases i'm just putting tax increases on the table, and he's giving me all these spending cuts and i haven't agreed to anything. i just talk about tax increases. and i said a senator, do you think it is possible but he goes back to the democratic caucus and says i'm putting these imaginary spending cuts on the table and he didn't know these tax increases and tom coburn said he...
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Nov 27, 2012
11/12
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. >> senator durbin said he thinks that president obama won't include a deal [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there are things we have already taken care of, the first of april and take a look at that stuff. that's not essential. [inaudible question] >> we can't do anything with the disaster aid package and i'm told it will be tomorrow or the next day. [inaudible question] >> republican, ok. you said what's holding it up? i said republicans. talk to the republicans. it's up to them. [inaudible question] >> i have said on a number of occasions the internet poker bill can move forward if we get 15, 17 republican votes. this stage, we have gotten none. >> you talked to the president over the weekend. are you hopeful, are you op
. >> senator durbin said he thinks that president obama won't include a deal [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there...